How much money is enough? At what point does one hang up their boots and take early retirement to a cheaper location? 1M, 5M, 10M? More? I don’t think I can play this IPO lottery game anymore.
You have to run the numbers for your life and standard of living, preferred location(s), possible future family planning and life events, risk tolerance, and employment plans if any in your retirement. No one can answer that for you.
🔥🔥🔥🔥
This is a little too idealistic although maybe it works for us software nerds. What if the answer is full time artist but also have a family? Also I know a ton of wildlife biologists doing shit jobs because "the line for picking flowers in the forest is pretty long and it doesn't pay well"
10 small loans minimum
Learn about FIRE. I live the life I want (including a nice house, hot tub, 30m from best snow on earth, multiple awesome international vacations a year like hiking maccu piccu, mountain biking). It costs like 50k/year. Save the rest. Stop when you hit a safe withdrawal rate of $50k (1.25 million based off Trinity study). I can honestly say spending more money wouldn't make me happier.
where do you live?
I like SLC too but i don’t think i’d like the job availability that it has
It's a moving Target. You think Target is 5M but by the time you get to that number the target is now more like 10. It always feels distant unless you got a IPO lottery
Also just psychology. Hedonic treadmill. Keeping up with the Jones’s. Etc.
2M
30m give or take
30x the TC you want after retiring, roughly.
2.5 M
India
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Lost respect for Modiji
Tech Industry
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Google doing more layoffs, restructuring including country moves
Tech Industry
Yesterday
2002
Job market is horrible.
Tech Industry
Yesterday
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WTF: Apple removing signal, telegram, threads and whatsapp from Appstore for China?
Layoffs
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Google CFO confirms 'large-scale' layoffs
5M should do it for me
That is what I have in mind as well.
Everyone seems to suggest this. But I think this is assume u r raising a family in the bay. I think you can get by in Austin TX or Colorado for way cheaper (without sacrificing much). Prolly 3 million is enough for a family in a cheaper state